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Committee advances bill to streamline return of unclaimed property, add emails and small‑estate claim process
Summary
SB155, advanced with a favorable recommendation, adds email addresses to Tax Commission data for outreach, clarifies small‑estate claim procedures for heirs, and updates RUPA references to align with IRS required minimum distribution ages.
The House Revenue and Taxation Standing Committee voted to favorably recommend Senate Bill 155, a measure to make it easier for the state to return unclaimed property (mostly money) to rightful owners. Senator Weiler presented the bill as a technical but important update to improve owner outreach and claims processing.
Mister Oakes, speaking for the…
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